First-Floor Office
1365 Westgate Center Drive #J-1, Winston-Salem, NC 27103
For Sale
$189,900
A reception area, open work zone, two private offices, and two restrooms support a range of professional office functions.
Property Size1,000 SF
Price / SF$189.90
Days on Market127
Property Features for 1365 Westgate Center Drive #J-1
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Floor
Property Use
Listing Agency:
Blue Door Group Real Estate
(336) 747-3245
Listed By:
Jodi Lee Tate · License #191136
(336) 409-0786
Source:
Hollandandassociates
Added: Jul 6
Changed: Nov 7
Last Checked: Nov 8 at 6:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Blue Door Group Real Estate
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Investment Insights
Based on property information with market context.
This first-floor office condominium contains approximately 1,000 SF, with a reception area, an open workspace, and two private offices. One private office has its own exterior entrance. The suite also includes two bathrooms, a storage room, and a compact break area. A new roof is noted for 2026, and the property is zoned GO.
The condominium is in the Westgate Center business district in Winston-Salem, near major thoroughfares, retail and dining options, and professional services. Its office layout includes both shared workspace and enclosed rooms, with a separate entrance serving one of the offices.
The condominium is in the Westgate Center business district in Winston-Salem, near major thoroughfares, retail and dining options, and professional services. Its office layout includes both shared workspace and enclosed rooms, with a separate entrance serving one of the offices.
Key Highlights
- Approximately 1,000 SF of first‑floor office space
- Two private offices, including one with an exterior entrance
- Reception area and open workspace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,684
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$193,680
$193.7K
Cap Rate 7%
$138,343
$138.3K
Cap Rate 9%
$107,600
$107.6K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$16.2K $16.20/SF
− Vacancy
−$3.3K −$3.29/SF
EGI
$12.9K $12.91/SF
− OpEx
−$3.2K −$3.23/SF
NOI
$9.7K $9.68/SF
Area
Winston-Salem, NC
Vacancy
20.30%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$193,680
Cap Rate 7%
$138,343
Cap Rate 9%
$107,600
Alternative Uses
Best Use
Office B
$138.3K
$121.1K – $161.4K
NOI $9,684 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$184.7K
$161.6K – $215.5K
NOI $12,931 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
Explore this area
Business Placement
Demographics for 27103, NC
36,023
Population
17,884
Households
2
Avg Household Size
39
Median Age
41%
College-Educated
92%
High-School Grad
18.6 sq mi
ZIP Area
1,937
Density / Sq Mi
$66,582
Median Household Income
$40,498
Median Earnings
$1,113
Median Rent
$220,600
Median Home Value
Market
Properties on Market for Office Units in Forsyth County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A reception area, open work zone, two private offices, and two restrooms support a range of professional office functions.
Where is this office unit located?
The property is located at 1365 Westgate Center Drive #J-1 Winston-Salem, NC.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Approximately 1,000 SF of first‑floor office space; Two private offices, including one with an exterior entrance; Reception area and open workspace
